Buy these ASX 200 dividend stocks in June for an income boost

Analysts have put buy ratings on these income options and expect big yields.

| More on:
Middle age caucasian man smiling confident drinking coffee at home.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

There are lots of dividend stocks to choose from on the local share market.

In fact, there's so much choice that it can often be hard to decide which ones to buy over others.

To narrow things down, I have picked out three dividend options that analysts have recently named as buys and tipped to offer good dividend yields.

Here's what you need to know about these ASX 200 dividend stocks:

Aurizon Holdings Ltd (ASX: AZJ)

Aurizon could be an ASX 200 dividend stock to buy right now. Across a network spanning thousands of kilometres, it transports commodities, including mining, agricultural, industrial and retail products for a diverse range of customers across Australia.

Ord Minnett thinks it would be a great option for investors. Particularly given its belief that Aurizon could be in a position to boost its dividend nicely next year.

The broker is forecasting partially franked dividends of 18.6 cents per share in FY 2024 and then 24.4 cents per share in FY 2025. Based on the current Aurizon share price of $3.72, this will mean dividend yields of 5% and 6.5%, respectively.

Ord Minnett has an accumulate rating and $4.70 price target on its shares.

Charter Hall Retail REIT (ASX: CQR)

Another ASX 200 dividend stock that could be a good option for income investors is the Charter Hall Retail REIT.

It is a property company with a focus on supermarket anchored neighbourhood and sub-regional shopping centre markets.

Citi rates the company highly due partly to its inflation-linked rental increases. It is expecting this to underpin some big dividend yields in the near term.

The broker is forecasting dividends of 28 cents per share in both FY 2024 and FY 2025. Based on the current Charter Hall Retail REIT share price of $3.34, this will mean a very large yield of 8.4%.

Citi has a buy rating and $4.00 price target on its shares.

QBE Insurance Group Ltd (ASX: QBE)

Another ASX 200 dividend stock that could be a buy is insurance giant QBE.

Morgans is very positive on the company. This is due to the strong rate increases that are still flowing through its insurance book and further cost-out benefits. It also highlights that its shares look relatively inexpensive at current levels.

As for income, the broker expects dividends per share of ~99 cents in FY 2024 and then ~108 cents in FY 2025. Based on the current QBE share price of $18.08, this will mean yields of 5.5% and 6%, respectively.

Morgans has an add rating and $20.00 price target on the insurance giant's shares.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Aurizon. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

A happy boy with his dad dabs like a hero while his father checks his phone.

I'd use the Warren Buffett method and buy these 2 ASX shares

Warren Buffett’s advice has steered me to these stocks.

Read more »

A woman jumps for joy with a rocket drawn on the wall behind her.
Broker Notes

This speculative ASX stock could almost double in value

Bell Potter thinks investors could almost double their money with this high risk option.

Read more »

A happy construction worker or miner holds a fistfull of Australian money, indicating a dividends windfall
Share Market News

These ASX 200 mining stocks could rise 30% to 60%

Big returns could be on offer with these miners according to analysts.

Read more »

Scared, wide-eyed man in pink t-shirt with hands covering mouth
Share Market News

These are the 10 most shorted ASX shares

Let's see which shares short sellers are targeting this week.

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Broker Notes

This ASX 200 stock's 'compelling valuation' makes it a strong buy

Goldman Sachs thinks a 50% return could be on the cards for investors.

Read more »

A man looking at his laptop and thinking.
Share Market News

5 things to watch on the ASX 200 on Monday

Will Aussie investors have a good start to the week? Let's find out.

Read more »

A miner stands in front oh an excavator at a mine site

3 reasons ASX uranium stocks can keep charging higher into 2025

I think the recent sell-down in ASX uranium stocks has been overdone. Here’s why.

Read more »

Red buy button on an apple keyboard with a finger on it representing asx tech shares to buy today
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

Read more »